In section 3(1) of the Duties Act 2000 —
(a) insert the following definition—
""land development", in relation to land, means any one or more of the following—
(a) preparing a plan of subdivision of the land or taking any steps to have the plan registered under the Subdivision Act 1988 ;
(b) applying for or obtaining a permit under the Planning and Environment Act 1987 in relation to the use or development of the land;
(c) requesting under the Planning and Environment Act 1987 a planning authority to prepare an amendment to a planning scheme that would affect the land;
(d) applying for or obtaining a permit or approval under the Building Act 1993 in relation to the land;
(e) doing anything in relation to the land for which a permit or approval referred to in paragraph (d) would be required;
(f) developing or changing the land in any other way that would lead to the enhancement of its value;";
(b) for the definition of residential property substitute —
" residential property has the meaning given by section 3G;".